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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and equivalents $ 2,632 $ 2,563
Receivables net of allowances for bad debts 3,525 3,071
Allowance for bad debts 765 824
Inventories 2,354 2,349
Other current assets 920 1,492
Total current assets 9,431 9,475
Property, Plant and Equipment, Net 4,235 4,325
Accumulated depreciation 11,377 11,039
Goodwill 2,841 2,804
Deferred income taxes 2,149 2,166
Operating lease right-of-use assets 984 786
Other assets 1,385 1,124
Total assets 21,025 20,680
Current liabilities:    
Accounts payable 2,011 1,573
Accrued employee compensation and benefits 583 517
Current portion of operating lease liabilities 258 251
Current maturities of long-term debt 11 695
Other current liabilities 1,083 1,385
Total current liabilities 3,946 4,421
Long-term debt 9,125 9,132
Operating lease liabilities 907 758
Employee compensation and benefits 547 562
Other liabilities 807 824
Total liabilities 15,332 15,697
Shareholders' equity:    
Common stock, par value $2.50 per share $ 2,666 $ 2,666
Common stock, par value (in dollars per share) $ 2.50 $ 2.50
Common stock, shares authorized (in shares) 2,000 2,000
Common stock, shares issued (in shares) 1,066 1,066
Paid-in capital in excess of par value $ 24 $ 0
Accumulated other comprehensive loss (360) (362)
Retained earnings 8,927 8,691
Treasury stock, at cost $ (5,576) $ (6,021)
Treasury shares (in shares) 172 181
Company shareholders' equity $ 5,681 $ 4,974
Noncontrolling interest in consolidated subsidiaries 12 9
Total shareholders' equity 5,693 4,983
Total liabilities and shareholders' equity $ 21,025 $ 20,680